Fladgate is being sued for negligence after a partner took action that allowed a fraud against shareholders in the former dotcom company Izodia. As The Lawyer revealed today (4 August ), former Fladgate corporate head Nicolas Greenstone has been reprimanded by the Solicitors Regulation Authority (SRA) for actions that led to £33m being stolen. Greenstone […]

Cadwalader Wickersham & Taft’s week of woe was caused by a misguided management strategy that its current administration is trying desperately to clean up. Cadwalader Wickersham & Taft’s week of woe was caused by a misguided management strategy that its current administration is trying desperately to clean up. Back in January my New York colleague […]

Eversheds has frozen associate base salaries in London and the regions as the firm fully enforces its new performance-related remuneration structure. The firm froze its newly-­qualifieds’ salaries at £62,000 in London, while those in the regions stay on £39,000. For lawyers with one year’s PQE, the pay band sticks at between £61,000 and £68,000 in […]

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

14 August 201810:46

Recommended

Fladgate is being sued for negligence after a partner took action that allowed a fraud against shareholders in the former dotcom company Izodia. As The Lawyer revealed today (4 August ), former Fladgate corporate head Nicolas Greenstone has been reprimanded by the Solicitors Regulation Authority (SRA) for actions that led to £33m being stolen. Greenstone […]

Cadwalader Wickersham & Taft’s week of woe was caused by a misguided management strategy that its current administration is trying desperately to clean up. Cadwalader Wickersham & Taft’s week of woe was caused by a misguided management strategy that its current administration is trying desperately to clean up. Back in January my New York colleague […]

Eversheds has frozen associate base salaries in London and the regions as the firm fully enforces its new performance-related remuneration structure. The firm froze its newly-­qualifieds’ salaries at £62,000 in London, while those in the regions stay on £39,000. For lawyers with one year’s PQE, the pay band sticks at between £61,000 and £68,000 in […]

Pinsent Masons has stormed to the top of Hemscott’s AIM adviser rankings, gaining six new clients in the past six months. In the last quarter the firm overtook AIM heavyweights DLA Piper and Norton Rose for number of clients listed on AIM. DLA Piper remained in second place despite five companies dropping off its roster. […]

4 August 200809:14

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Kirkland & Ellis has won a first-time mandate from struggling DIY chain Homebase, which earlier today confirmed it was planning a company voluntary arrangement (CVA). Homebase is the latest retailer to announce such a move and follows in the wake of similar CVAs entered into by New Look, Prezzo and Mothercare. A CVA can be used by […]

Royal Mail, advised by a team from Ashurst, has been unable to fend off a £50m fine from Ofcom, after an investigation into the business’s practices in 2014 found the delivery giant had “abused its dominant position in bulk mail delivery”. Three-partner firm Towerhouse advised Whistl, then known as TNT, which was trying to break into […]

Weil Gotshal & Manges and Slaughter and May have advised on the £1.2bn buyout of esure to Bain Capital in one of the largest insurance deals of the year so far. Slaughters led for esure, the owner of insurance brand Sheilas’ Wheels and former owner of price comparison website Gocompare.com. The deal team was led by corporate […]

Mishcon de Reya more than doubled the top line of its New York office over 2017/18, bucking a three-year trend of declining revenues in the firm’s sole office outside of London. Revenues dropped 64 per cent between 2014/15 and 2016/17 from a high of £6.7m to £2.4m. However, the firm’s fortunes reversed in the US in the […]

Over a year into its tripartite merger with Nabarro and Olswang, CMS is plotting further growth in its in-house technology business to cut down on time-intensive data tasks in its litigation department. Unit leader Chris Baldwin told The Lawyer it expects to grow its litigation technology unit, CMS Evidence, by nearly eight-fold in the next three […]